PPP Loan Data — Woodhaven Office Outfitters LLC, Philadelphia, PA
Woodhaven Office Outfitters LLC is a limited liability company (LLC) located at 2061 Byberry Rd in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Woodhaven Office Outfitters LLC in Philadelphia, PA received a Paycheck Protection Loan of $25,400 through PNC Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Woodhaven Office Outfitters LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Woodhaven Office Outfitters LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Woodhaven Office Outfitters LLC in Philadelphia, PA
2061 Byberry Rd
Philadelphia, PA 19116
Furniture Merchant Wholesalers
NAICS code 423210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,311 businesses in the "Furniture Merchant Wholesalers" industry received a total of $681.81M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 267% higher than Woodhaven Office Outfitters LLC's reported 3 employees, and received an average PPP loan of $128,377, 405% higher than this company's loan of $25,400.
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Footnotes & Information
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